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Raphael A Espinoza


This is information that was supplied by Raphael Espinoza in registering through RePEc. If you are Raphael A Espinoza , you may change this information at the RePEc Author Service. Or if you are not registered and would like to be listed as well, register at the RePEc Author Service. When you register or update your RePEc registration, you may identify the papers and articles you have authored.

Personal Details

First Name: Raphael
Middle Name: A
Last Name: Espinoza

RePEc Short-ID: pes36

Postal Address: International Monetary Fund 700 19th Street, NW Washington DC 20431


(50%) International Monetary Fund (IMF)
Location: Washington, District of Columbia (United States)
Phone: (202) 623-7000
Fax: (202) 623-4661
Postal: 700 19th Street, N.W., Washington DC 20431
Handle: RePEc:edi:imfffus (more details at EDIRC)
(50%) Oxford Centre for the Analysis of Resource-Rich Economies (OxCarre)
Department of Economics
Oxford University
Location: Oxford, United Kingdom
Postal: Manor Road, Oxford, OX1 3UQ
Handle: RePEc:edi:oxcaruk (more details at EDIRC)


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Working papers

  1. Raphael A. Espinoza & Dimitrios P. Tsomocos, 2013. "Monetary Transaction Costs and the Term Premium," IMF Working Papers 13/85, International Monetary Fund.
  2. Nikolay Aleksandrov & Raphael Espinoza & Lajos Gyurko, 2012. "Optimal Oil Production and the World Supply of Oil," OxCarre Working Papers 092, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
  3. Era Dabla-Norris & Raphael A. Espinoza & Sarwat Jahan, 2012. "Spillovers to Low-Income Countries: Importance of Systemic Emerging Markets," IMF Working Papers 12/49, International Monetary Fund.
  4. Raphael Espinoza, 2012. "Factor Accumulation and the Determinants of TFP in the GCC," OxCarre Working Papers 094, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
  5. Ananthakrishnan Prasad & Raphael A. Espinoza, 2012. "Monetary Policy Transmission in the GCC Countries," IMF Working Papers 12/132, International Monetary Fund.
  6. Raphael Espinoza, 2012. "Government Spending, Subsidies and Economic Efficiency in the GCC," OxCarre Working Papers 095, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
  7. Antonio David & Luis-Felipe Zanna & Raphael A. Espinoza & Michal Andrle & Marshall Mills, 2012. "As You Sow So Shall You Reap: Public Investment Surges, Growth, and Debt Sustainability in Togo," IMF Working Papers 12/127, International Monetary Fund.
  8. Nikolay Aleksandrov & Raphael Espinoza, 2011. "Optimal Oil Extraction as a multiple Real Option," OxCarre Working Papers 064, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
  9. International Monetary Fund, 2011. "How Strong are Fiscal Multipliers in the GCC? An Empirical Investigation," IMF Working Papers 11/61, International Monetary Fund.
  10. Miguel A. Segoviano Basurto & Raphael A. Espinoza, 2011. "Probabilities of Default and the Market Price of Risk in a Distressed Economy," IMF Working Papers 11/75, International Monetary Fund.
  11. Ralph Chami & Raphael A. Espinoza & Adolfo Barajas & Heiko Hesse, 2010. "Recent Credit Stagnation in the MENA Region: What to Expect? What Can Be Done?," IMF Working Papers 10/219, International Monetary Fund.
  12. Raphael A. Espinoza & Oral Williams & Ananthakrishnan Prasad, 2010. "Regional Financial Integration in the GCC," IMF Working Papers 10/90, International Monetary Fund.
  13. Raphael A. Espinoza & Ananthakrishnan Prasad, 2010. "Nonperforming Loans in the GCC Banking System and their Macroeconomic Effects," IMF Working Papers 10/224, International Monetary Fund.
  14. Raphael A. Espinoza & Ananthakrishnan Prasad & H. L. Leon, 2010. "Estimating The Inflation-Growth Nexus - A Smooth Transition Model," IMF Working Papers 10/76, International Monetary Fund.
  15. Goohoon Kwon & Raphael A. Espinoza, 2009. "Regional Financial Integration in the Caribbean: Evidence from Financial and Macroeconomic Data," IMF Working Papers 09/139, International Monetary Fund.
  16. Marco Lombardi & Raphael A. Espinoza & Fabio Fornari, 2009. "The Role of Financial Variables in Predicting Economic Activity in the Euro Area," IMF Working Papers 09/241, International Monetary Fund.
  17. Espinoza, Raphael & Fornari, Fabio & Lombardi, Marco J., 2009. "The role of financial variables in predicting economic activity," Working Paper Series 1108, European Central Bank.
  18. Raphael A. Espinoza & Dimitrios P. Tsomocos, 2008. "Liquidity and Asset Prices," OFRC Working Papers Series 2008fe28, Oxford Financial Research Centre.
  19. Raphael A. Espinoza & Charles A. E. Goodhart & Dimitrios P. Tsomocos, 2007. "Endogenous State Prices, Liquidity, Default, and the Yield Curve," OFRC Working Papers Series 2007fe01, Oxford Financial Research Centre.


  1. Aleksandrov, Nikolay & Espinoza, Raphael & Gyurkó, Lajos, 2013. "Optimal oil production and the world supply of oil," Journal of Economic Dynamics and Control, Elsevier, vol. 37(7), pages 1248-1263.
  2. Raphael Espinoza & Fabio Fornari & Marco J. Lombardi, 2012. "The Role of Financial Variables in predicting economic activity," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 31(1), pages 15-46, 01.
  3. Raphael Espinoza & Hyginus Leon & Ananthakrishnan Prasad, 2012. "When Should We Worry about Inflation?," World Bank Economic Review, World Bank Group, vol. 26(1), pages 100-127.
  4. Espinoza, Raphael & Prasad, Ananthakrishnan & Williams, Oral, 2011. "Regional financial integration in the GCC," Emerging Markets Review, Elsevier, vol. 12(4), pages 354-370.
  5. Adolfo Barajas & Ralph Chami & Raphael Espinoza & Heiko Hesse, 2011. "Further Fallout from the Global Financial Crisis," World Economics, World Economics, Economic & Financial Publishing, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 12(2), pages 153-176, April.
  6. Raphaël Espinoza & Charles. Goodhart & Dimitrios Tsomocos, 2009. "State prices, liquidity, and default," Economic Theory, Springer, vol. 39(2), pages 177-194, May.
  7. S. M. Ali Abbas & Raphael Espinoza, 2006. "Evaluating the Success of Malaysia's Exchange Controls (1998-99)," Oxford Development Studies, Taylor & Francis Journals, vol. 34(2), pages 151-191.

NEP Fields

22 papers by this author were announced in NEP, and specifically in the following field reports (number of papers):
  1. NEP-ARA: MENA - Middle East & North Africa (7) 2010-05-02 2010-10-16 2010-10-16 2011-04-02 2012-07-08 2012-10-06 2012-10-06. Author is listed
  2. NEP-BAN: Banking (3) 2010-10-16 2010-10-16 2011-05-14
  3. NEP-BEC: Business Economics (1) 2010-10-16
  4. NEP-CBA: Central Banking (8) 2007-03-03 2008-07-20 2009-11-27 2009-12-19 2010-05-02 2011-04-02 2012-07-08 2013-09-28. Author is listed
  5. NEP-CFN: Corporate Finance (2) 2007-03-03 2009-12-19
  6. NEP-CMP: Computational Economics (1) 2012-10-06
  7. NEP-CWA: Central & Western Asia (3) 2010-10-16 2011-10-09 2012-10-06
  8. NEP-DGE: Dynamic General Equilibrium (2) 2007-03-03 2008-07-20
  9. NEP-EEC: European Economics (2) 2009-11-27 2009-12-19
  10. NEP-ENE: Energy Economics (4) 2011-10-09 2012-10-06 2012-10-06 2012-10-06
  11. NEP-FDG: Financial Development & Growth (4) 2010-05-02 2010-10-16 2012-07-08 2012-10-06
  12. NEP-FMK: Financial Markets (1) 2007-03-03
  13. NEP-FOR: Forecasting (2) 2009-11-27 2009-12-19
  14. NEP-MAC: Macroeconomics (7) 2007-02-24 2007-03-03 2008-07-20 2009-11-27 2010-05-02 2012-07-08 2013-09-28. Author is listed
  15. NEP-MON: Monetary Economics (4) 2007-02-24 2008-07-20 2012-07-08 2013-09-28
  16. NEP-PBE: Public Economics (3) 2011-04-02 2012-07-08 2012-10-06
  17. NEP-RMG: Risk Management (1) 2011-05-14
  18. NEP-UPT: Utility Models & Prospect Theory (2) 2007-02-24 2007-03-03


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